# Kubik

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kubik

- Industry: Environmental Services
- Headquarters: Nairobi, Kenya
- Website: www.buildkubik.com
- Total disclosed funding: $5.2M
- Latest round: Seed (Apr 28, 2024)
- Investors on record: 13

## About

Based in Kenya, and founded in 2021 by its CEO Kidus Asfaw, and CPO Penda Marre, Kubik, Inc. operates as an environmental technology company that removes plastic from the environment by turning them into low-carbon building materials. In June 2023, it received USD 3.34 million in seed funding from several investors.

Kubik, Inc. recycles plastic waste into various low-carbon and low-cost building materials and replaces polluting cement-based materials. It focuses on building schools, public bathrooms, clinics, residential, industrial warehouses, and commercial, and public facilities.

The company plans to use the June 2023 funding to develop its production in Ethiopia.

## Funding rounds

- Seed, Apr 28, 2024, $1.9M — King Philanthropies, African Renaissance Ventures, Endgame Capital, Pharo Ventures
- Seed, Jun 22, 2023, $3.3M — Plug and Play, Savannah Fund, Bestseller Foundation, Satgana, Global Innovation Initiative Group, Kazana Fund, Unruly Capital, African Renaissance Ventures, Andav Capital, Princeton Alumni Angels
- Seed, Dec 20, 2022 — Global Innovation Initiative Group

## Investors

- Global Innovation Initiative Group (https://capitalatlas.ai/funds/global-innovation-initiative-group) — Seed
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Savannah Fund (https://capitalatlas.ai/funds/savannah-fund) — Seed
- Bestseller Foundation — Seed
- Satgana (https://capitalatlas.ai/funds/satgana) — Seed
- Kazana Fund (https://capitalatlas.ai/funds/kazana-fund) — Seed
- Unruly Capital (https://capitalatlas.ai/funds/unruly-capital) — Seed
- African Renaissance Ventures (https://capitalatlas.ai/funds/african-renaissance-ventures) — Seed
- Andav Capital (https://capitalatlas.ai/funds/andav-capital) — Seed
- Princeton Alumni Angels — Seed
- King Philanthropies — Seed
- Endgame Capital (https://capitalatlas.ai/funds/endgame-capital) — Seed
- Pharo Ventures — Seed